Signia and Flagstone team up for cash service

The white-labelled offering enables clients to select their own portfolio, which can be diversified across different financial institutions and term deposits. The service, which is accessed online, also provides due diligence and risk ratings on the underlying banks.

Greg Malone, head of wealth management at Signia, said: ‘A number of clients and families we look after are entrepreneurs that have built a business and exited it, and have significant amounts of cash.

‘It’s sensible to suggest they spread the risk across different institutions and by blending their deposits, they can get significantly better rates. It can be cumbersome dealing with a lot of banks, but with this service they can do it at the click of a button.’

The charges are understood to be around 15-20bps, based on other products Flagstone currently offers. Flagstone was unavailable for comment.

We use cookies to give you the best experience on our website. You can continue to use the website and we'll assume that you are happy to receive cookies. If you would like to, you can find out more about cookies and managing them at any time here. This site is for Professional Investors only, please read our Risk Disclosure Notice for Citywire’s general investment warnings

We use cookies to improve your experience. By your continued use of this site you accept such use. To change your settings please see our policy.